The London-based bank is conducting conference calls with investors in Hong Kong, Singapore and the U.K. Tuesday to gauge interest for such an issuance, according to a person familiar with the situation.

U.S. financial services firm Guggenheim Partners, which entered exclusive negotiations with the bank on the sale, has until the end of this week to make a detailed bid for the operations, which could be worth around EUR1.6 billion, below the previously s

Hedge funds are cutting back on the brokerage accounts they hold as the prime brokerage industry begins to consolidate more than four years after the Lehman Brothers bankruptcy blew the sector wide open.

ABN AMRO Insurance, part of Delta Lloyd Group, is taking over the intermediary activities in the commercial general insurance segment for the Small and Medium-Sized Enterprise sector from ABN AMRO Bank.

The City of London Corporation, which commissioned the report, has been preparing and working on it closely with other interested parties, a spokeswoman for the City of London Corporation told Dow Jones Newswires.